The underinsured motorist coverage limits trigger provides insurance coverage for damage caused by a guilty motorist without proper auto insurance to fully cover the damage of the other injured party.
This type of coverage is a relatively inexpensive addition to a regular auto insurance policy and can be useful in the event of an accident.
Underinsured motorist approvals are mandatory in many states and typically last six to 12 months.
With an indirect loan, the lender does not have a direct relationship with the borrower who took the loan from a third party organized by an intermediary.
Subrogation is a term that describes the legal right of most insurance companies to legally pursue a third party that has caused insurance loss to an insured person.
Underinsured motorist insurance provides protection in the event of an accident in which the driver at fault does not have sufficient insurance to cover all losses.